Year-old homeowner rebate law repealed - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Year-old homeowner rebate law repealed

Print
Font Size:
Default font size
Larger font size

Related Stories

Posted: Thursday, May 24, 2012 3:09 pm

Good news for homeowners: You’re not going to lose your state rebate of up to $600 a year if you forget to check your mail.

Gov. Jan Brewer has signed legislation repealing a year-old law which would have required homeowners to return a postcard to the county assessor avowing that they actually live at the property to maintain the state rebate.

Instead, lawmakers directed assessors to focus their attention on properties where there is some reason to believe they do not qualify for the special financial relief.

Arizona law imposes the same property taxes on all residential property. But lawmakers for years have tempered the costs for those who live in their own homes by having the state pay a percentage of what is owed in primary taxes for public schools.

Right now that rebate is 40 percent, up to $600 a year.

Before last year, that rebate was pretty much automatic for homeowners, with the presumption that a property owner lived at the address. The burden was on the property owner to voluntarily report that the home was instead being rented out.

Last year, though, lawmakers agreed to turn the system on its head as part of a $538 million package of tax cuts for business.

One key provision of that law will reduce the basis on which businesses compute their property taxes, potentially cutting their taxes by 10 percent by the time the package is fully implemented in 2018. Under normal circumstances, that would shift the tax burden for local governments and public schools largely onto homeowners.

To compensate for that, lawmakers agreed to increase the rebate.

But to keep costs down — and to ferret out ineligible homeowners — the legislation mandated that all residential property would be presumed to be rented out and, therefore, ineligible for the rebate.

To get the rebate, owners would have to sign and mail back a card swearing they are, in fact, living in that home, or that the house is being leased or rented to a relative. And if that affidavit is not mailed back, the property tax bill eventually sent out would not include the rebate.

Under pressure from the Arizona Association of Realtors, the law was repealed — in part. Tom Farley, the association’s president, said that means there will not be nearly 1.9 million cards mailed out, what with the chance that some will fail to understand what they mean or otherwise fail to return them and end up with a shock on the property tax bill.

But the revised version still has some provisions designed to help catch those who have been cheating the system and getting the rebate.

For example, assessors would still be required to send out a card — and demand a response — if the mailing address of the owner is outside the county where the property is located. In fact, any mailing address different than the home will generate an inquiry.

Any mailing address which is listed for multiple homes also will result in a post card. And the same is true if the owner appears to be a business.

Farley said the changes do not clear up all the problems the 2011 law created.

One issue involves “snowbirds” and other part-time Arizona residents. While they may be the only occupants of a home and not renting it out, Farley said the law does not spell out whether they, too, qualify for the rebate.

“The assessor will look at things like in what state is your driver’s license issued, voter registration, things of that nature,” he said. Farley said those are indicators of “the place you call home.”

Lawmakers also did not repeal another change in the 2011 law which ended the policy which had allowed people to claim the rebate on both their regular residence as well as a vacation home.

More about

More about

More about

  • Discuss

Kerry’s Blunt Words for Israel Denounced by Lawmakers in Both Parties

A bipartisan chorus of lawmakers, upset with President Obama’s decision last week to allow the passage of a United Nations resolution condemni…

Published: December 31, 2016 - 10:14 am @ http://www.nytimes.com/2016/12/28/us/politics/john…

Gov. Brown Appoints New Public Utility Commissioners to Replace Florio and Sandoval

Martha Guzman Aceves and Clifford Rechtschaffen both come from the governor’s office with strong environmental protection backgrounds. Martha …

Published: December 31, 2016 - 10:14 am @ https://www.greentechmedia.com/articles/read/gov.-…

Presidential vote in congressional districts points to Democratic risks in 2018

Democrats started the 2016 election cycle with pessimism about their chances of taking back the House of Representatives. For a few moments th…

Published: December 31, 2016 - 10:13 am @ https://www.washingtonpost.com/news/post-politics/…

Obama preparing to penalize Russia for hacking

WASHINGTON — The Obama administration is preparing to penalize Russia over the hacking of Democratic officials during this year's presidential…

Published: December 31, 2016 - 10:16 am @ http://www.usatoday.com/story/news/politics/2016/1…

Mail truck tips on Mesa street

MESA, Ariz. - A mail truck ended up on its side in a crash Wednesday. Mesa police say a single-vehicle collision left the United States Postal…

Published: December 31, 2016 - 10:12 am @ http://www.12news.com/news/local/valley/mail-truck…

Reports of mall disturbances light up social media

A flurry of reports of mall melees and disturbances rippled across social media Monday on a day Americans swarmed shopping hubs for post-holid…

Published: December 31, 2016 - 9:51 am @ http://www.usatoday.com/story/news/nation/2016/12/…

Graham, McCain want Russia sanctions after election hacking

Top Republican senators said Wednesday that the incoming Congress and President-elect Donald Trump should impose new and tougher sanctions on …

Published: December 31, 2016 - 9:13 am @ http://www.foxnews.com/politics/2016/12/28/graham-…

Immigration Is the Only Hope for States That Helped Trump

The decline of manufacturing does not explain the decline of Wisconsin. Photographer: Daniel Acker/BloombergFacebook Twitter Email Print Share…

Published: December 31, 2016 - 7:17 am @ https://www.bloomberg.com/view/articles/2016-12-28…

Creator of the Red Solo Cup dies at 84

FOX 32 NEWS - The creator of the Red Solo Cup died on Wednesday, December 21, 2016 at the age of 84. Robert Leo Hulseman lived in Northfield, …

Published: December 31, 2016 - 7:07 am @ http://www.fox4news.com/trending/225996868-story

12 Cars You Can Legally Import to the US in 2017

slide-4320347 There were plenty of great vehicles produced abroad that Americans (outside of Canada) haven't been able to import until they hi…

Published: December 31, 2016 - 7:06 am @ http://www.autoblog.com/photos/cars-you-can-legall…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…